Geotical private-tension intetest-debate Mikhail Floomberzs climate-taper socio-physical-psycho tantrum-punktum. Take a rate hike, who cares?
To take away the edge of the upcoming recession, every country is in need of deficit spending, aka war – is all.
Can we all agree on the fact that smart money went short on the 17th of February and defended their holdings viciously 2 trading days later, on the 21st?
Can we also agree that yesterday did not close back up 27 pips+, hinting a coming capitulation move?
if (iClose(symbol,1440,1)<iLow(symbol,1440,1)+270*Point){
deletetxt1("GELI");
ObjectCreate("GELI",OBJ_LABEL,indicator_window, 0,0);
ObjectSetText("GELI","Yest Did Not Close Back Up by 27 pips!!!",21,"Arial Black");
ObjectSet("GELI",OBJPROP_CORNER,1);
ObjectSet("GELI",OBJPROP_XDISTANCE,20);
ObjectSet("GELI",OBJPROP_YDISTANCE,7);
ObjectSet("GELI",OBJPROP_COLOR,clrCrimson);
}
if (iClose(symbol,1440,1)>iHigh(symbol,1440,1)-270*Point){
deletetxt1("GELI");
ObjectCreate("GELI",OBJ_LABEL,indicator_window, 0,0);
ObjectSetText("GELI","Yest Did Not Close Back Down by 27 pips!!!",21,"Arial Black");
ObjectSet("GELI",OBJPROP_CORNER,1);
ObjectSet("GELI",OBJPROP_XDISTANCE,20);
ObjectSet("GELI",OBJPROP_YDISTANCE,7);
ObjectSet("GELI",OBJPROP_COLOR,clrGreen);
}
Nothing has changed. The Dollar was given the casus belli to print that right shoulder already (that got upgraded to a beat with a reversal-divergence).
There were two closes outside the swing of things, Dollar buying ensued. Eur/Usd is nowhere near embedding.
At first nobody wanted to buy Dollars, now there’s a war going on somewhere and the greenback becomes… simply irresistible. I suspect a sucker-trap.
The next step is to lay down definitions and guidelines for trading a trending market.
Trending market: more than 1 close outside the shadow line of E44
Figure a
Play: fade 1st return to the interaction line (E8-o), measure a target field from the first F8 fractal: 30pips out (in a not embedded market), if the E8-o does not let go for more than 2 hours after re-connecting (figure a); if price closes away from the E8-o for the second hour after the re-connect, go back in the direction for an additional 70 pips (figure b)
Figure b, 1.1205 is a plausible zero to return to
Play 2: fade first return to E-32, target the resistance near the low/high
What do you buy come next week after a push without embedding? It was relayed in the Neverending Embedding #2.
The Window Envelope is at 1.1097.
I’m pretty sure, this Monday is going to be a mean one.
Now, let’s talk down the elephante from the cherry-tree.
We are only interested in the reversal divergence if the market is trending.
The very first divergence may not always catch the ultimate reversal, but you should see some green pips, and if stopped out, wait for the next bus to come.Strip-tease reprise, yes. Safety & shadow lines now around the E-44 at 35 and 45 pips displacements. Pendulum is my middle name.
Now, the usual Hudson Hawk joke: I wish you would lay off the pasta. Spit it out.
The E-44 has 3 modes. The normal mode is repulsive. It wants to reject price and chase it as far away as possible.
There are no back to back hourly touches, like the MA isn’t even present. The price starts from one end of the pendulum and makes it all the way to the other, no problem.
The latent mode is a digestion-attempt. If price hangs around too long in its stomach, say 6 hour or more, the E-44 is going to spit back the price.
Price goes from a safety line to the E-44 and never makes it to the other safety line.
The 3rd mode is the snake bite mode, during a trending (embedded) market. The slightest touch may provoke a violent blow.
During trending the price is likely to make closes beyond the shadow line and has periods when it is unable to return into the swing of things.
I had this framework in my mind around how to present something better than the oh-so-popular VWAP and so I came up with making some fun of Chew-ee-wap, the hairy, Wet-Ass Wookiee.
I think what I was trying to say is that it wasn’t the future.
It is my personal opinion that everything you will ever need for trading was already said in a pop song from the eighties.
The PSB was certainly onto something with the Two Divided By Zero, but Michael Cretu, the smoking samurai was a step ahead with his “Return to Zero” vocal insert.
So, what is the zero that a return is made to?
A zero can be 2 things. The E-44 or an opposing high / low.
The opposing high / low is a stick-out high low or a doji’s high / low.
Returning to zero is brought on by 2 things.
3 hourly closes with neither of them more than 7.5 pips from the other (magenta boxes) or a break of the most recent pressure wick that is in excess of 3.6 pips (red and green squares).
The numbers are the hours of separation counted from the 8EMA on opens.
The vertical lines are take-off failures, meaning no follow though on the following candle. If the separation is to the upside and the second candle closes lower than the first, that means that the landing gear could not be pulled in.
The indicator’s name identical to the blog entry’s title.
In a Cool Combination with Doctor Alban the Keltinger Chaos & the 15-min ATR Targets.
There’s the red deep M I was saying to be an instant fade in the last entry.
LYRICS: I think it’s about time that I walk away, walk away So I turn around to walk away but then I look back Sad lady make me turn and walk away again
Even though it looks like it’s the future It’s really a long, long, time ago When there were knights And they got into fights Using sabers of light Please remember Even though some things look so familiar They’re not really on Earth Yeah, it’s a galaxy far, far away Alien DNA walking ‘round every day And no one notices
Well, I messed up Yeah, I made a mistake I can’t sleep Have to find your place soon My tailor’s awesome All the people looking Rolling like I’m platinum You know I’ve gone a long way to change my mind about us since I seen you But I’m talking at my robot as you mill about the city And I’m on my way Girl, there’s something that you need to know
Even though it looks like it’s the future It’s really a long, long, time ago When there were knights And they got into fights Using sabers of light Just remember Even though some things look so familiar They’re not really on Earth Yeah, it’s a galaxy far, far away Alien DNA walking ‘round every day And no one notices
Ahhhh, space station blown away (It’s not the future) Ahhhh, floating in the diaper tank (It’s not the future) Ahhhh, space leprechaun fade away (It’s not the future) Ahhhh, cyborg with no big boy words to say (It’s not the future)
Get turnt Get real turnt Get turnt Get, get real turnt
Well I’m a jaywalker Got a lot of fresh damage, oh no I can’t always be around to Explore foreign love Overflowing for your love At night I’m sure that when we argue makes me dream about those demon fishies It’s not the way that it’s meant to be and I bless your outfit Mmmm, that’s a good choice What is he saying? I don’t understand Listen girl I hope the heartbreak leaves me on the weekend
Even though it looks like it’s the future It’s really a long, long, time ago When there were knights And they got into fights Using sabers of light Just remember Even though some things look so familiar They’re not really on Earth Yeah, it’s a galaxy far, far away Alien DNA walking ‘round every day
It’s a place where Little furry creatures dance but they’re not teddy bears They’re an alien equivalent And they may rage in familiar trees But it’s not the Redwoods you see Alien trees on an alien moon, oh-oh It’s something else indeed Alien trees on an alien moon, oh-oh Time to break it down Break it down, down, down, down
Yeah, I was big in Japan I was king of Ping Pong Yeah I was bad at tuba And I’m sure you’d like me to bounce Master, I need one of these Do they come in threes? ‘cause I need to squeeze them Yeahhh Yeah, I was big in Japan I was king of Ping Pong Yeah I was bad at tuba And I’m sure you’d like me to bounce
Sometimes that moment when you wish you could run and hide Is when you find you need a new hyperdrive We all sometimes wish we could get away And if you try Then you gotta just make sure if you hide in a cave that it’s Really not some giant space snake
Even though it looks like it’s the future It’s really a long, long, time ago When there were knights And they got into fights Using sabers of light Just remember Even though some things look so familiar They’re not really on Earth Yeah, it’s a galaxy far, far away Alien DNA walking ‘round every day And no one notices
Even though it looks like it’s the future It’s really a long, long, time ago When there were knights And they got into fights Using sabers of light Just remember Even though some things look so familiar They’re not really on Earth Yeah, it’s a galaxy far, far away Alien DNA walking ‘round every day And no one notices
Get turnt Get real turnt Get turnout Get, get real turnt It’s not the future Get turnt Get real turnt Get turnt Get, get real turnt It’s not the future
people crowd together why don’t you take it wait a little longer an’ see how they make it
twinin’ with time why can’t you see me risk of eclipse if you can’t forgive me return to zero
the breakup of the world don’t cry we’re gonna save our lives an’ time is on my side don’t cry i’m gonna realize the breakup of the world baby please don’t cry we can forgive we’re gonna try baby please don’t cry i wanna live i fear the breakup of the world
world is torn an’ tattered why can’t you take it hope a little longer an’ see how we’ll make it
swallow your pride why can’t you see me risk of eclipse if you can’t forgive me return to zero
the breakup of the world don’t cry we’re gonna save our lives an’ time is on my side don’t cry i’m gonna realize the breakup of the world baby please don’t cry we can forgive we’re gonna try i wanna live i fear the breakup of the world
Zero / Delerium
It’s your touch Against the whiteout Blind as a blizzard I have been Take me to zero I, I, I’m a traitor For your love Cold as the ice-flow I, I, I’m a failure For your trust Keeping me hollow Take me to zero It’s enough to sink A lighthouse It’s an masterminding sea Your wave over-turns me I, I, I’m a traitor For your love Cold as the ice-flow I, I, I’m a failure For your trust Leaving me hollow Take me to zero I’m a traitor for your love Cold as the ice-flow I, I, I’m a failure For your trust Leaving me hollow Take me to zero And I never wanted to Survive that wave I never wanted I never wanted To be saved And I never wanted to Survive that we I never Wanted to be saved No, take me to zero I, I, I’m a failure for your Trust Leaving me hollow Oh, Oh, take me to zero I never wanted
There is a scene in the Asterix the Gladiator, where they invent a new, less bloody game.
The rules are simple, you are not allowed to say black, white, yes and no. If you do, you lose.
My intention with this blog entry to call attention on a self-imposed imprisonment that comes with drawing too many trendlines.
See the world is not black and white, it isn’t left or right and trading isn’t merely buying or selling.
When people draw a correction, this is what they always seem to do uniformly.
There are a lot of problems with this, even if you are conscious of the possibility that wave C does not always make a high beyond Wave A.
Here’s the recent ABC up.
Not only that the end of A did not coincide with the swing high, B, that was “supposed to be” a counter move, went completely sideways, it took out the high made by A, it ended more than half way up of its range, with way higher than the low that it made in the first hour. Some down wave that was.
Wave C made a high, Wave c of Wave C failed that high as well, but Wave C did not end until volatility wore off. Thus the end point and the furthest point did not coincide again.
As shown by the Market Stifle indicator.
If you want to count this wave structure up as 5 waves, be my guest.
So yeah, just about everything you think you know of waves is wrong, and I hope you are starting to get the picture that putting trendlines in the way of a corrective wave structure will get you nothing. They will walk back and forth through them like they never existed in the first place.
Does Smart Money understand, that sudden-found volatility will reverse on itself?
Smart money activity is always cyan. Check the doji resolution above. They may have dumped some higher, but in volume only when volatility choked.
Does Smart Money understand that they command the new market direction after volatility dries up and act right after a hourly doji?
Is their favorite song called: Move Any Market?
Could it be that Smart Money is a bunch of opportunistic dudes of similar thinking?
Could it be that Smart Money is reading my blog?
Believing that the market can do anything at any given moment is absolutely the wrong approach.
The market can do a limited number of things and everything is the function of the underlying volatility.
Alright, here’s another one for you. How does a wedge look like?
Like this?
What if I told you that this below was a wedge.
And this.
The price movement does not have to resemble a wedge shape. You know, I hold your chin, you hold my chin, whoever smiles first is gonna get slapped..
A wedge is a period (10 hours plus would take my attention) lacking relative strength extremes, so the first extreme showing up is an instant fade. See there you go again with that narrowed in straight-line-jacket thinking.
Good thing I was here for you to pump you up with lithium.
I haven’t made any adjustments to the weekly settings for a while.
Just as I could define the bear and bull market switch off on the daily chart as “3 constructive closes above / below God”, on the Weekly I have the E-55 HL2 as the line in the sand, and what I was missing is this being uniform. Now, the smileys (Market Mode) are prompted by well defined lines (E-59 is a factor as well). No more dual standards.
Weekly E-34 is the equivalent of the E-44 on daily and below.
Just as using Median prices, using Stochastic D over the K remains my signature.
Now, the hands. There has not been a manual for them yet.
The “PUSH” in a direction is either the ending point or the following week the turn will complete – unless there is an embedding in the push’s direction.
What is important about the push is the close. When not embedded, anything beyond that particular close is a good entry for a fade, but 36 pips beyond are certainly not likely to occur.
When embedded, catching the falling knife goes like this: you take the furthest point made by the push (not the closing price), you place a 1/2 size fade at 30 pips out, a 1/2 size fade at 40 pips out, close all of your directional holdings 50 pips out and reverse / hedge 70 pips out. Rinse and repeat.
The first exclamation mark was a warning that the embedding got close to being lost. The second lived to see the wolf show up.
You can see that the embedding was lost on the next push up, so the push down fell under the “not embedded push” scrutiny.
Last modification was to incorporate the 14-sample Window Envelopes, for the histogram plots would always get priority and cover them out otherwise. From now on they are Bollinger Blue.
Re-vitalizing the comfort levels helps you to understand that this dip into the oversold (blue marker) is a back test of the oversold and the time spent down there would likely be limited both in time and in distance. A right shoulder matching the left shoulders depth would be at 1.1182 or so, but there is no sacred script stating where the down move would have to be bought.
The 1st rule of God Day is that we don’t speak of God Day.
The second rule of God Day is that you don’t fade normally it.
Image 1 shows a Typical encounter with God, a non-typical and a KissGoodBye
The Typical encounter starts with Murena Williams ultimately dropping the ball at the fence, leaving God defenseless.
Concentrate on the fish-eye optic here. God’s weapon of choice is words, he tries to talk you out of crossing to the other side. His odds of succeeding are slim to none.
What I’m trying to call attention to here is that fading a Typical God Day 1 may have a risk of no return, and even a 280-pip one way ticket that would likely blow up your account, if not in the coming days, then perhaps 1,100 pips later. The Typical encounter should not be faded until 2 more days later.
I know, this is Friday, right before the close, and the downside crosses – apart from the one above are usually Non-typical ones. So, there shall be a KGB. Just remember to Save A Prayer for the Morning After.
The Not Typical-God Encounter is when for some strange, uncertain reason you meet Boy George who is waving you back in for a quick chill-out. The KGB core to the swing low distance statistically would fall between 240-280 pips away.
God = Daily 20 SMA of 44 EMA HL2
In conclusion the Not Typical encounter Typically comes with a drop-away on day 1 or day 2 and a KGB on day 3.
Kiss me goodbye Pushing out before I sleep Can’t you see I try? Swimming the same deep water as you is hard
The shallow drowned lose less than we The strangest twist upon your lips And we shall be together And we shall be together
Kiss me goodbye bow your head and join with me And face pushed deep, reflections meet The strangest twist upon your lips And disappear, the ripples clear
And laughing break against your feet And laughing break the mirror sweet So we shall be together
So we shall be together
Kiss me goodbye Pushing out before I sleep It’s lower now, and slower now The strangest twist upon your lips
But I don’t see, and I don’t feel But tightly hold up silently My hands before my fading eyes And in my eyes your smile
The very last thing before I go The very last thing before I go The very last thing before I go
I will kiss you, I will kiss you I will kiss you forever on nights like this I will kiss you, I will kiss you And we shall be together
Typical & Typical
Typical & Not Typical
Not Typical & Volatility Squeeze (sideways) – last one is a KGB
Not Typical
Hard to be consistent these days…
11 weeks, 2,087% gains on equity ( $10,933-$500 base = $10,433 => divided by $500 = 20.866 ).
Parabolic reversal play
Examples of Cover low being violated the next day with no close back beyond 27 pips from the low:
Day 1: violation of C by 20 pips and close back up by 5 pips
Day 2: reflex move back up, 44 pips from the recent low
Day 3: kicking in at the low of the C, for a total swing length of 90 pips – new low remains untouched for 46 trading days.
Likelihood is very low: this occurred in a far, far away galaxy from God.
Day 1: violation of C by 28 pips and close back by 6 pips
Day 2: total annihilation starting
Day 3: low found at 124 pips from the swing high made after taking out C, low is still holding
Likelihood is very low: this occurred in a far, far away galaxy from God.
Example of above God violated at God.
Day 1: violation of C by 41 pips and close back by 20 pips
Day 2: drop starts, total sell off is 106 pips in a jerky manner, low held for 25 days
Likelihood is very low: this occurred with the bands trending higher, turning to a flat phase.
The following examples are not comparable:
This one resembles a little bit with the bands dropping & wrapping, but the speed was different. The low held for 11 days only.Montage.
Plan: buy for a move back to 1.1380+ before a drop to 1.1280
There was a rising wedge up with E89 providing the lower border.
The Drive (“0”) was ultimately followed by a Thrust. It went 72 pips below the 5-sample high which would mean a deep correction (for exceeding 62 pips) if the market was going up. But it wasn’t. It was putting in the finish for the Wave 4 down.
What about Wave 5 then? Is it over? Can’t say for certain, but there is more time left. If this closes back below the high of Wave 3 (currently below by 10 pips), then in terms of the purpose of making a beat beyond the high was met (10 pips here as well).
I think there should be a hourly doji printed sometime later tonight and there may be a reach for the high again afterwards, but that may be lackluster.
There are a number of problems here.
Today’s outside day is not an outside reversal up, since yesterday was a green candle. The rise in volatility at the same time hints a reversal transpiring.
The doji on the upside held this run up.
Today’s sell off did not manage to prevent the Stochastic embedding. In fact, I was looking at them at the lows and never saw a print below 79.50 (K line).
The other problem with the reversal up is that the SuperTramp got reset by the violent up and down moves.
SuperTramp counted 3 down, now it has to restart the counting for the upside.
The Volume sequence starts with a strong selling, then professional buying, then an autction getting cut short by no more bets.
The most interesting clue about future prospects here is the God awful closeness of the Green River. The quick dip at the end of the Wave 4 was an actual mean reversion. The way I see this closeness is that another outside day tomorrow would price back below the mean.
I think the increased volatility is Dollar Bullish. I have no longs.
That’s how my daughter used to call the Blue’s Clues.
You probably don’t realize how bullish this setup is about to become:
But let’s make a step back first.
The bull flag becomes quite obvious on the daily chart.
The Stochastic 18,3,3 HL2 SMA’s K and D lines are both above 80, and have been over 80 for the second day in a row. If they both stay overbought, the market would be considered embedded. What does that mean? That breaks are a buy until you see one of the stochastic lines close below 79. By buy I mean a higher high is simply guaranteed. So, tomorrow is the big day to see by how much we can surpass the high (I’m still looking at 1.1528 as the separator between the daily blocks, so I think it is more important than that 1.1484 high, but of course we cannot know before hand.) As you can see, at the previous swing high in the middle of January embedding did not occur, for there was no 3rd day when both the K and the D lines were above 80. There is a good distance to the top, 60 pips from here sounds like a very good deal.
Now, back to the first image. First thing to notice is the purple line, which is the E89 HL2. Who is conscious of this MA? Smart money, professional traders.
Second thing to notice is the absence of lower lows. They are forcing everyone to chase this move up. No discounts would be given.
As good old Dutch used to say, when you have higher lows, the highs will take care of themselves.
Now, the next thing on the bottom indicator (the RSI with the deviation bands) has now a new line on it. I use the 20 SMA of the RSI14 for splitting the Money Flow. I ran a 5 sample average on the 14-sample MFI for an early bird special. As you can see below, this changes before the SuperTramp does.
I grayed out the MUSTs where the distance from the E-44 exceeds 100 pips.
SuperTramp is on the slow side, and you need 5 of the new color for the transformation to take place.
Currently we have 8.
Watch how the RSI is diving below the main line (middle of the 5) . In this field the indicator would only prompt buy signals.
The reason you did not get any sell signals is that the incline was not steep: I’m looking for a 2-sample cross over & peak out above the main line or a 3-sample cross outside the 2nd upper line from at least one below.
extern int period = 10;
extern ENUM_APPLIED_PRICE appliedPrice = PRICE_MEDIAN;
extern double multiplier = 3.0;
The purple vertical line is a Wyckoff Volume Demand Dry Up Doji. Not a pronounced version, but it sort of worked anyways.
Now. Rules.
5 ticks is one color = flipping direction. From then on the direction of the trend was picked.
Less than 5 of the color: an episode called correction.
The 4+4 lines are displaced highs and lows by 25, 32, 55 and 62 pips.
Hitting the closer two lines are a pullback whilst the second two count as a correction.
Dojis. Shared the basic version on ForexFactory. The routine now plots the last 2, 3 and 6-doji ranges with increasing displacement as supports and resistances on the right margin with the numbers plotted. It also makes the thick blue, red and green lines depending on if the market has managed to close beyond that particular line for an idea of fake outs / current progression.
Plot E44 HL2 in Light Blue, because that’s always fun.
If price hits the middle of that blue halo, that’s an immediate short.
I was just curious about how far I could possibly push a SuperTramp indicator. Quite far. You cannot change the trending direction in less than 5 hours.
Today’s the 3rd day of price being in the overbought field, if it manages to close above 1.14228 it embeds thus the market will change character. Until that happens, being in the overbought field is toxic and does not tempt new money to come in.
& I didn’t say Donald anywhere. It was quite classy of me.
The close right against the doji resistance. Nothing has flipped yet. A correction could take price back to the high. (1.1479+)
Momentum means a million and one things for a million people. For me, it is about daily candles closing up / down 27 pips or not on the Euro.
A new Cover low / high is an indication of loss of previous momentum / possible reversal. Until a Cover high/low is printed the momentum shows up in the counter direction, the momentum is considered intact. A Cover low / high has to be a 4-candle low/ high. Inside candles, mere 2, 3 sample highs / lows don’t count.
First, the sensationalist part. A double top target (upon taking) out the low is 1.10752.
Intermission.
Look at all them Cover signals.
The current candle will receive its C on Sunday, it needs another candle to print first (cycle runs till 1 not 0), but you can already say it is a C because it is a 4-sample high that closed back down by more than 27 pips.
First rule of the cover candles: if the following day continues in the original direction of the momentum making a new higher high / lower low, but it does not close back 27 pips, you are looking at a Capitulation in progress.
Second rule: the displacement numbers in white are carefully chosen, 31 pips on the downside and 39 on the upside. Unless these numbers get violated, the Cap is considered intact.
When a cap is further in than the previous one, suspect some kind of a trendline forming.
Of course, if a new Cap gets printed further out in a sequence, that pushes the Cap moratorium out by the increment.
The gray arrows are independent of the C-s, but they often follow them up on the next candle. These serving signals are a 3-canle sequence with the middle candle sticking out and the 27-pip filter is active again. Plus there’s a pro volume filter to avoid crowding. The arrowed candle also surpasses the mid point of the prior candle and displays the color of the new momentum.
Now, let’s talk possible outcomes following a Cap candle up.
As per the image above there on the upside there are no back to back Cs on the upside, only on the downside prior to a Capitulation. This means, that if you get the the Cap extended come Monday, the odds would increase for a capitulation move being in place. Overall this bears very lowest odds.
Even lower odds still is that the new candle would make a higher high and would not close back by 27 pips by the time of the daily re-balancing confirming a Capitulation in progress.
We could say with high likely-hood that the next candle is going to be a black one. We could say that the low is going to be violated, but it may take more than one day. (In case of the rolling pin on the left, it took 5 days to cover the distance of 150 pips from the close to the low). In our case the close to low distance is 40 pips, this could fill in a sneeze. The recoils were 22, 19 and 19 pips on the previous examples. This would mean a lower high, as the current one is 34+ pips away.
Overall, a Cap on the upside (vs. the downside) is foreshadowing a sinister move on the downside in excess of 100 pips from the C’s close and could only be contained with either a momentum reversal (4-sample lower low closing back up 27 pips) or a serving day (gray arrow, discussed earlier). So watch out for a daily candle spiking back up more than 50% and having a Green color or look for a Cap print below the 1.1263 daily swing low, and in the meantime short the living lights out of this sucker.
In case you are curious about what my Energy Bands are thinking of the moves of late.
& here’s how regaining the momentum would look like:
take out the low and close more than half way back up of the previous candle
The channel. Murena Williams is not conscious of the upside yet, for there has only been 2 closes above God, not 3.Introducing momentum logic. If tomorrow makes a lower high, it would turn salmon. The Purple bands are a play on VWap. Full candle outside the bands on the left in yellow, then back in the bands, volume spike – followed by a lower close next day.
The structure is called an ‘Expanding” Flat if Wave B retraces between 105% – 138% of wave A, and Wave C ends anywhere beyond the end of wave A. Expanding Flats occur most commonly.
In case you still don’t believe that waves end in dojis, look at where support was found on Friday. At the 2-doji resistance line. Trapped between doji 2 and doji 3, printing a new doji.
I use 8-pips displacement for the 2 dojis, 10 for the 3 dojis and 16 for the 6 dojis.
